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Crawford & Company (NYSE:CRD.B) Sees Strong Trading Volume - Time to Buy?

Crawford & Company logo with Business Services background

Key Points

  • Crawford & Company saw a significant increase in trading volume, with approximately 4,769 shares traded - an 88% rise from the previous session.
  • The company recently reported quarterly earnings of $0.22 per share, missing analysts' estimates, and had a revenue of $323 million compared to expected $330.99 million.
  • Crawford & Company increased its quarterly dividend to $0.075 per share, marking a 7.14% rise from the previous dividend of $0.07, resulting in an annual yield of 2.9%.
  • Five stocks we like better than Crawford & Company.

Crawford & Company (NYSE:CRD.B - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 4,769 shares changed hands during trading, an increase of 88% from the previous session's volume of 2,533 shares.The stock last traded at $10.18 and had previously closed at $10.51.

Crawford & Company Trading Down 0.9%

The company has a fifty day moving average of $10.26 and a 200-day moving average of $10.44. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $509.06 million, a price-to-earnings ratio of 17.39 and a beta of 0.80.

Crawford & Company (NYSE:CRD.B - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The business services provider reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.02). The business had revenue of $323.00 million for the quarter, compared to analysts' expectations of $330.99 million. Crawford & Company had a return on equity of 25.91% and a net margin of 2.18%. As a group, equities research analysts anticipate that Crawford & Company will post 0.83 earnings per share for the current fiscal year.

Crawford & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.9%. This is a boost from Crawford & Company's previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Friday, August 15th. Crawford & Company's payout ratio is currently 50.85%.

Crawford & Company Company Profile

(Get Free Report)

Crawford & Co engages in the provision of claims management and outsourcing solutions to carriers, brokers, and corporates. It operates through the following segments: Crawford Loss Adjusting, Crawford TPA Solutions, and Crawford Platform Solutions. The Crawford Loss Adjusting segment consists of adjusting services provided to insurance companies and self-insured entities related to property and casualty losses caused by physical damage to commercial and residential real property and certain types of personal property.

Further Reading

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